For landlords & real estate investors
Rental income tax services for every property you own
We report rental income, review property deductions and depreciation, and help you plan purchases, sales, and multi-state tax filings.
We will contact you to arrange a call about your situation, service scope, and pricing. Specific tax advice and ongoing planning are provided under an engagement.
Enrolled Agents. Personal guidance.
In Orange County and across all 50 states.
- Rental income & expenses
- Depreciation & loss rules
- Property sale planning
Rental income tax preparation
A clearer tax picture for your rental properties.
Mraz Tax Solutions LLC provides rental income tax preparation and planning for landlords, property owners, and real estate investors. From a single residential rental to a multistate portfolio, we help you report income and claim eligible rental property tax deductions.
Our Enrolled Agents review the details behind your Schedule E, including depreciation, passive losses, property purchases and sales, and state filing requirements. We serve Orange County property owners and clients nationwide.
Rental Income & Expense Review
We reconcile rent, advance payments, retained deposits, and tenant-paid expenses with your property statements. Refundable security deposits generally are not income when received. We review mortgage interest, insurance, repairs, management fees, and other rental deductions before preparing the appropriate schedules.
Depreciation & Cost Segregation
We establish the building basis separately from land and track improvements and placed-in-service dates. U.S. residential rental buildings generally use a 27.5-year recovery period under the general depreciation system. We evaluate cost segregation and accelerated deductions for qualifying components, not the entire building.
Passive Activity Loss Rules
A rental loss does not automatically offset wages or business income. We review passive activity and at-risk limitations, available allowances, and suspended losses. For real estate professionals, we evaluate both the qualification tests and material participation, supported by records of your work.
Section 199A / QBI Deduction
Some rental operations qualify for the qualified business income deduction; others do not. We review whether your activity is a trade or business or meets the rental real estate safe harbor, along with record keeping, income limits, and other restrictions that affect the deduction.
Property Purchases & Sales
We review closing statements, adjusted basis, improvements, and depreciation when you buy or sell a rental. Before a sale, we estimate capital gains, depreciation-related taxes, and the treatment of suspended losses so you can plan for the tax bill and any estimated payments.
State Filings & Representation
A property outside your home state may require an additional return. We determine where to report rental income, review applicable resident-state credits, and address state-specific depreciation differences. Our enrolled agents also assist with IRS or state notices and rental-related audit questions.
Part of our complete individual tax preparation and planning services, tailored to your full financial picture.
Rental property tax planning
Plan for the life of your investment.
The right tax treatment depends on how you use and operate each property. We review your plans before a renovation, change of use, or sale so the paperwork and tax decisions happen at the right time.
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Prepare for a 1031 Exchange Early
A qualifying like-kind exchange can defer gain on business or investment real estate. In a typical deferred exchange, identify replacement property within 45 days and complete the exchange within 180 days or your return due date, including extensions, if earlier. We help you plan the tax reporting and coordinate with your qualified intermediary before closing.
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Separate Repairs, Improvements & Personal Use
Repairs may be currently deductible, while improvements usually must be capitalized and recovered over time. Vacation homes, short-term rentals, and properties providing substantial guest services can have different reporting and loss rules. We review rental days, personal-use days, and the services you provide.
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Document Real Estate Participation
Real estate professional status generally requires more than 750 hours and more than half of your personal-service work in qualifying real property businesses. Material participation in the rental activity is a separate requirement. We review time records, grouping elections, and carryforwards rather than assuming an occupation or license makes every loss deductible.
Prepare for your tax review
Keep a clear record for each property.
Separate property records help us review profit statements, identify deductible expenses, and maintain an accurate depreciation history. Include documents for properties bought, sold, refinanced, or converted between personal and rental use during the year.
Our Enrolled Agents can connect these details with your federal and state income tax returns.
What to gather for your return
- Rent rolls and property-manager statements
- Mortgage interest and property tax statements
- Repair, improvement, and operating receipts
- Closing statements and exchange documents
- Prior depreciation schedules and loss carryforwards
- Rental-use, personal-use, and participation logs
Frequently Asked Questions
Key details about working with our Enrolled Agents and getting your tax returns prepared, reviewed, and filed.
Do you offer free initial consultations?
The free initial consultation covers your situation, the scope of services, and pricing. Specific tax advice and ongoing planning are provided under the terms of an engagement. Request a free initial consultation; we will contact you to arrange a call. Office visits are by appointment.
Are you licensed by the IRS?
Our Enrolled Agents are federally authorized to represent taxpayers before the IRS with unlimited practice rights. We provide tax preparation, advice, and IRS representation under the terms of an engagement. State-agency representation is subject to applicable state rules.
Can you prepare a tax return for my small business?
Yes. Mraz Tax Solutions LLC prepares business returns and provides planning under engagement terms. Quarterly planning meetings are available for a separate fee and are not included with tax return preparation.
Can my tax return preparer review my self-prepared returns?
Yes. We review federal and state returns, whether self-prepared or prepared by others, and advise on missed deductions, audit risks, and corrected or amended returns.
Individual Tax Services
Explore More Individual Tax Services
Income Tax Returns
Accurate federal and state return preparation for individuals and families.
Investment Income
Capital gains, dividends, and tax-efficient investment strategies.
Retirement Tax
401(k), IRA, and tax-efficient retirement income planning.
Self-Employed
Estimates, deductions, and entity structuring for freelancers and gig workers.
Tax Credits
Education, energy, child, and other credits you may qualify for.
Get in Touch
Have any questions?
Let's talk.
Request a free initial consultation to discuss your situation, service scope, and pricing. We will contact you to arrange a call. Specific tax advice and ongoing planning are provided under the terms of an engagement.
Office visits are by appointment. We accept tax-document drop-offs after a signed engagement agreement and by prior arrangement. Please request an appointment before visiting.
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